Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/18038
Authors: 
Tol, Richard S. J.
Year of Publication: 
2008
Citation: 
[Journal:] Economics: The Open-Access, Open-Assessment E-Journal [Volume:] 2 [Issue:] 2008-25 [Pages:] 1-22 [DOI/URN:] doi:10.5018/economics-ejournal.ja.2008-25
Abstract: 
211 estimates of the social cost of carbon are included in a meta-analysis. The results confirm that a lower discount rate implies a higher estimate; and that higher estimates are found in the gray literature. It is also found that there is a downward trend in the economic impact estimates of the climate; that the Stern Review?s estimates of the social cost of carbon is an outlier; and that the right tail of the distribution is fat. There is a fair chance that the annual climate liability exceeds the annual income of many people.
Subjects: 
Climate change
social cost of carbon
JEL: 
Q54
Persistent Identifier of the first edition: 
Creative Commons License: 
http://creativecommons.org/licenses/by-nc/2.0/de/deed.en
Document Type: 
Article

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